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Kingfisher to raise $600 mn, mostly to pay off debt
Kingfisher Airlines is planning to raise around $600 million worth of funds in the current financial year to pay off its debt and strengthen its bottom line, in the backdrop of a turbulent time for the country’s aviation industry.

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Inter-state transactions may come under tax ambit
With less than five months left for the proposed roll-out of the Goods and Services Tax (GST), the empowered group of state finance ministers today suggested a model of inter-state goods and services tax (IGST) for inter-state transactions. The Centre would levy GST which would comprise central and state GST, with appropriate provision for consignment or stock transfer of goods and services.

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Era Infra Q3 profit surges 85% to Rs 57 cr
Era Infra Engineering today posted a jump of over 85 per cent in net profit at Rs 57.24 crore for the third quarter ended December 31, 2009.
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Reddy's son, Jaganmohan, meets Sonia

Y S Jaganmohan Reddy, son of late Y S Rajashekhara Reddy, today met Congress President Sonia Gandhi at her residence here, amid demands by his supporters to make him chief minister of Andhra Pradesh. - Bharathi Cement to add 2.5 million tonne capacity by 2010 - Centre, Andhra sign pact for petro investment region - 'I have nothing against Jagan or anyone else' - YSR memorial park to come up in Nallamala forest - Congress retains Tekkali seat in bypolls - Arogyasri building to be named after YSR This is the first visit of the Jaganmohan to the national capital after the death of his father in a helicopter crash. The meeting between Gandhi and Jaganmohan lasted for over an hour but he refused to comment on what was discussed between the two. On Wednesday, the 37-year-old first-time MP from Kadapa had sought an appointment with the Congress President.


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